XTX Topco Ltd Invests $1.07 Million in Cimpress plc (NASDAQ:CMPR)

Key Points

• XTX Topco Ltd has acquired 23,694 shares of Cimpress plc (NASDAQ:CMPR), valued at approximately $1,072,000, marking its new position in the company.
• After several institutional investors increased or established positions in Cimpress, about 77.64% of the stock is now owned by these investors.
• Cimpress reported a quarterly earnings miss with a loss of $1.02 EPS, although revenue surpassed expectations at $869.48 million.

XTX Topco Ltd acquired a new position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,694 shares of the business services provider's stock, valued at approximately $1,072,000. XTX Topco Ltd owned 0.09% of Cimpress as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. lifted its holdings in shares of Cimpress by 55.6% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 921,661 shares of the business services provider's stock worth $41,687,000 after acquiring an additional 329,466 shares during the period. ArrowMark Colorado Holdings LLC increased its stake in shares of Cimpress by 30.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider's stock valued at $63,406,000 after purchasing an additional 203,806 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Cimpress by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider's stock worth $218,126,000 after buying an additional 194,034 shares in the last quarter. Millennium Management LLC lifted its position in shares of Cimpress by 331.9% during the 4th quarter. Millennium Management LLC now owns 110,872 shares of the business services provider's stock worth $7,952,000 after buying an additional 85,201 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in Cimpress in the first quarter valued at about $2,375,000. 77.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial set a $74.00 target price on shares of Cimpress and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Cimpress from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Barrington Research boosted their target price on shares of Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday.

Cimpress Stock Performance

Shares of Cimpress stock traded down $0.11 on Wednesday, hitting $55.33. The stock had a trading volume of 68,871 shares, compared to its average volume of 240,257. The stock has a 50 day moving average of $46.91 and a 200 day moving average of $47.97. The firm has a market capitalization of $1.38 billion, a P/E ratio of 108.47 and a beta of 1.70. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $102.22.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported ($1.02) EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($1.99). The business had revenue of $869.48 million for the quarter, compared to analyst estimates of $844.24 million. Cimpress had a negative return on equity of 2.67% and a net margin of 0.44%. Equities analysts expect that Cimpress plc will post 3.69 earnings per share for the current year.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.